Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Ingevity Corp before investing.

In this article, we go over a few key elements for understanding Ingevity Corp’s stock price such as:

• Ingevity Corp’s current stock price and volume
• Why Ingevity Corp’s stock price changed recently
• Upgrades and downgrades for NGVT from analysts
• NGVT’s stock price momentum as measured by its relative strength

About Ingevity Corp (NGVT)

Before we jump into Ingevity Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Ingevity Corporation is engaged in developing, marketing, and bringing to market solutions that are renewably sourced. The Company operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies. Performance Materials segment engineers, manufactures, and sells hardwood-based, chemically activated carbon products, which are produced through a technical and specialized process primarily for use in gasoline vapor emission control systems in cars, trucks, motorcycles, and boats. Performance Chemicals segment is comprised of two product lines: road technologies and industrial specialties. Its products are utilized in pavement construction, preservation, reconstruction and recycling, agrochemical dispersants, paper chemicals and other diverse industrial uses. Advanced Polymer Technologies segment produces caprolactone and caprolactone-based specialty polymers for use in coatings, resins, elastomers, adhesives, bioplastics, and medical devices.

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Ingevity Corp’s Stock Price as of Market Close

As of September 09, 2024, 4:00 PM, CST, Ingevity Corp’s stock price was $33.84.

Ingevity Corp is down 4.3% from its previous closing price of $35.36.

During the last market session, Ingevity Corp’s stock traded between $35.12 and $36.90. Currently, there are 36.34 million shares of Ingevity Corp stock available for purchase.

Unfortunately, Ingevity Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Ingevity Corp Stock Price History

Ingevity Corp’s (NGVT) price is currently down 14.39% so far this month.

During the month of September, Ingevity Corp’s stock price has reached a high of $39.13 and a low of $33.80.

Over the last year, Ingevity Corp has hit prices as high as $56.30 and as low as $33.49. Year to date, Ingevity Corp’s stock is down 51.96%.

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What Caused Ingevity Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 06, 2024, there were 5 analysts who downgraded Ingevity Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Ingevity Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Ingevity Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Ingevity Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Ingevity Corp (NGVT) by visiting AAII Stock Evaluator.

Relative Price Strength of Ingevity Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 06, 2024, Ingevity Corp has a weighted four-quarter relative price strength of -14.94%, which translates to a Momentum Score of 23 and is considered to be Weak.

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Ingevity Corp Stock Price: Bottom Line

As of September 9, 2024, Ingevity Corp’s stock price is $33.84, which is down 4.3% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Ingevity Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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